Lot 19 - The Colliers Flats, Ynyscynon Road, Tonypandy, Mid Glamorgan, CF40 2LQ

  • Unconditional Online Auction Sale
  • Guide Price* : £410,000+

Residential Investment

Description

ONLINE AUCTION from 1st FEBRUARY-3rd FEBRUARY

A substantial freehold building that has been recently converted into 8 self-contained flats and two shops/offices area are available for use as commercial units that in the past have been used as a police station, Hairdressers and Betting office. The basement area has wc/kitchen/some windows and door and there are 4 further carparking spaces.

The property has benefited from significant improvement and has been finished to a high standard with each flat containing new Kitchen & bathroom fittings, UPVC double glazing and new gas central heating system with individual boilers. The conversion of the building also comprised new electrics and re plastered walls . There is carpet in the stairwell, basement, lobby & 1st floor landing and all flats & ground floor entrance have laminate flooring.

The flats are fully let with 3 of the 4 car parking spaces let. This is an ideal opportunity for a landlord looking for an up and running investment opportunity. The property is ideally situated for the local train station with Tonypandy Town Centre close by and good road links to Porth and Pontypridd and the A470 to Cardiff. There are an excellent range of shops and amenities, and the new Zip world attraction is approximately 30 minutess drive offering scope for potential holiday lets in the future.

As well as the building having a fire alarm throughout, It also has a sprinkler system fitted .

VIRTUAL TOUR

Accommodation

Lower Ground Floor: Rear communal entrance, Hallway,
Unit 1 – Lounge/kitchen w/c stairs to Bedroom 1, Bedroom 2 and Bathroom

Ground Floor: Communal entrance from Ynyscynon Road Hallway
Unit 2 - Lounge/Kitchen, 2 Bedrooms, Bathroom
Unit 3 - Lounge/Kitchen, 2 Bedrooms, Bathroom
Unit 4 - Lounge/Kitchen, 2 Bedrooms, Bathroom

First Floor:
Unit 5 - Lounge/Kitchen, 1 bedroom, Bathroom
Unit 6 - Lounge/Kitchen, 2 bedrooms, Bathroom
Unit 7 - Lounge, kitchen, 2 bedrooms, Bathroom
Unit 8 - Lounge/Kitchen, 2 bedrooms, Bathroom

Outside: 4 Carparking spaces (3 let) and amenity area

Tenancies

Please note all certificates, planning documents and plans will be available in the legal pack

Flat 1 let on AST at £500 pcm
Flat 2 let on AST at £500 pcm
Flat 3 let on AST at £500 pcm
Flat 4 let on AST at £500 pcm
Flat 5 let on AST at £475 pcm
Flat 6 let on AST at £500 pcm
Flat 7 let on AST at £550 pcm
Flat 8 Let on AST at £450 pcm

Parking Space 1 - £40 pcm
Parking Space 2 - £40 pcm (vacant)
Parking Space 3 - £40 pcm
Parking Space 4 - £40 pcm

The shops / office areas are currently vacant but have combined income potential of £1,000 pcm when refurbished

Total income £4,135 pcm (with a potential of £5,135 pcm = £ 61,620 p/a)
Total annual income £49,620

Tenure

Advised Freehold - to be verified by solicitor

Auction Fees And Additional Costs

Auction fees: The sale of each lot is subject to a buyer’s premium of 1.2% of the purchase price (subject to a minimum of £975) including VAT unless otherwise stated.

Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty. Please check accompanying legal pack for further details.

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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Paul Fosh Auctions
01633 254044

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